Insights

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April 5 2024
Industry Week in Review – April 5, 2024

M&A Transactions

Chesapeake Technology International Corp., a portfolio company of Bluestone Investment Partners, LLC, has acquired Asymmetric Technologies, LLC, a provider of platform-agnostic, open-architecture, cybersecure unmanned aerial system ("UAS") flight controller systems for aerospace and defense markets. Terms of the transaction were not disclosed.

Edgesource Corporation has acquired Newbrook Solutions, Inc., a provider of strategic and tactical IT solutions from software development to systems engineering for the private sector and U.S. federal government defense and intelligence markets. Terms of the transaction were not disclosed.

Enlightenment Capital has acquired Summit Technology Consulting Group, LLC, a provider of proprietary software platforms for government, regulatory, and financial workflows supporting U.S. federal government agencies, commercial financial institutions, and enterprise customers. Terms of the transaction were not disclosed.

TCOM, L.P. has acquired Equinox Innovative Systems, Inc., a provider of turnkey, modular, and tethered UAS with mountable antennae, cameras, and transmitters for defense, maritime, telecommunications, and energy markets. Terms of the transaction were not disclosed.

Securities and investment banking products and services are offered through KippsDeSanto & Co., a non-banking subsidiary of Capital One, N.A., a wholly owned subsidiary of Capital One Financial Corporation.  KippsDeSanto is a member of FINRA and SIPC.  Products or services are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured By Any Federal Governmental Agency. 

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